The Independent Community Bankers of America® (ICBA) today marked the one-year anniversary of Sen.
"S. 1349 and its House companion, H.R. 1750, would help relieve community banks from several of the crippling regulatory burdens they face on a daily basis and support community-based economic growth that would help free up community bank resources that could be used for making loans and creating jobs," ICBA President and CEO
Inspired by ICBA's Plan for Prosperity regulatory-relief platform, the CLEAR Relief Act (S. 1349) promotes regulations tiered to the size and complexity of regulated institutions to help community banks serve their communities. S. 1349 would:
• Exempt community bank portfolio loans from a variety of new mortgage rules to support the housing recovery,
• Support additional capital opportunities for small bank holding companies, and
• Provide exemptions for community banks from Sarbanes-Oxley internal-controls assessment mandates.
H.R. 1750, companion legislation introduced in the House in
For more information about community bank regulatory burden and ICBA's Plan for Prosperity, visit http://www.icba.org/advocacy/planforprosperity.cfm.
The Independent Community Bankers of America®, the nation's voice for more than 6,500 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit http://www.icba.org.
# # #
Read the full story at http://www.prweb.com/releases/2014/07/prweb12044986.htm
Most Popular Stories
- Government: 500 Million Records Stolen in 12 Months
- Mom Makes Toys R Us Pull 'Breaking Bad' Dolls
- More Hispanic Voters May Not Mean More Clout
- Pistorius Gets 5-year Sentence in Shooting Death
- Apple Pay Debuts With Few Issues
- Cuba Deploys More Medicos in Ebola Fight
- 2016 Camaro Shrinks, Moves to Caddy Platform
- Volatility No Reason to Bail on Stock Market
- Samsung Phones Cleared For U.S. Government Use
- Disney's Animated Feature 'Moana' Slated for 2016 Release